#stock-market
Jio Platforms' ₹30,213-crore IPO opens; India's biggest share sale
Jio Platforms' ₹30,213-crore IPO, India's largest share sale, opened for subscription and closes on October 23. The price band is ₹1,065-1,119 and the issue is a fresh sale of up to 27 crore shares. The ₹8,110-crore anchor book was subscribed over 30 times. Listing is expected on October 28.
Sensex slips 143 points, Nifty ends at 22,811 as bank stocks drag and IT shines
Benchmarks ended lower on Wednesday after giving up a strong opening. The Sensex fell 143 points to 73,710 and the Nifty 78 points to 22,811, with banks and financials dragging. The midcap index fell nearly 2 per cent. IT was the lone bright spot, with the Nifty IT index up 2.21 per cent.
Jio's Rs 30,213-crore IPO sold out in 100 minutes, smashes India's share-sale record
Reliance's Jio Platforms IPO of Rs 30,213 crore was fully subscribed within 100 minutes of opening on Wednesday, making it India's largest-ever share sale. It overtakes Hyundai Motor India's Rs 27,870-crore issue of 2024. The price band is Rs 1,065-1,119; the issue closes on October 23 and lists on October 28.
Sensex slips 377 points, Nifty below 22,750 as IT stocks offer the only cover
Markets gave up a gap-up opening on Wednesday. The Nifty 50 fell 164.40 points (0.72%) to 22,724.55 and the Sensex shed 377.37 points (0.51%) to 73,475.53. Of 4,471 BSE stocks traded, 3,397 declined. IT stocks were the lone bright spot, while auto was the worst-hit sector.